Extremely Tenured Staff and Loyal Customer Base
Overview:
This value-added foodservice supply distributor is a well-established industry leader with 30+ years of experience. The extremely tenured staff and comprehensive product/service portfolio allow them to stand out against competitors.
Their customer base is diversified across several different industries to lower the risk of concentration. Owners have kept advanced analytics on the operations to perfect pricing and logistics. Customers can place an order and receive next-day deliveries!
Offering design assistance and delivery, this high-volume distributor has built a strong presence in multiple markets over several decades. The systems and vendors are already in place to scale into several additional locations.
Financial history is consistent, aside from a pandemic-induced decline in sales which led to cost-cutting initiatives. These initiatives strengthened their business overall and helped them achieve record profits in their last 16 months.
Location: Southeast
Listing Price: $Market
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A native of Richmond, VA, Knight graduated with a Bachelor of Arts in Economics from Hampden-Sydney College. He spent a year as an assistant football coach at Emory & Henry College before entering the corporate world.
Mr. Knight spent 20 years in the consumer products industry, working for a Fortune 100 company in sales and marketing. He started in an entry level position, and advanced through the organization to become Vice President of Sales where he was responsible for $750 million in annual revenue.
Next, Knight became Executive Vice President of Sales & Marketing for a small rigid packaging company in Los Angeles, where he led a once struggling company to grow from $27 million to $100 million in annual revenue in less than four years. However, the desire to own his own company caused Mr. Knight to research small companies for sale, particularly those located in the Southeast so he and his family could get back closer to their roots.
In 2007, working with Viking Mergers & Acquisitions, he acquired FASTSIGNS South Tryon located in Charlotte, NC. Next he acquired two additional locations for this franchise; Rock Hill, SC in 2009, and Matthews/Ballantyne in Charlotte in 2012. Through Knight’s leadership, he grew these locations to become one of the highest revenue generating groups of centers world-wide in the FASTSIGNS International franchise system.
Successfully selling these three centers in 2017, Knight decided to join with Viking Mergers & Acquisitions by opening a new location for them in Charleston, SC. As Managing Partner, he will help business owners and/or investors sell or buy a business in Berkeley, Charleston and Dorchester counties.
